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1. |
CREDIT DEPARTMENT APPROVAL. Open accounts subject to credit worthiness. It is
necessary to have an open Power Plan Account prior to renting any equipment. |
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2. |
FREIGHT. F.O.B.
Erb yard and return freight to nearest branch. Delivery and pick-up
from your site is available. Call your nearest location for a quote on
any hauling for your rental application. |
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3. |
INSURANCE.
Liability: Coverage must be assured for all risk and
liability, from all damages, for injuries or death to persons or property arising out of
the use, possession or transportation of rental equipment.
Physical Damage: Rental Equipment is to be insured at
full value against all risk of physical damage and loss including vandalism and
theft.
Erb can provide Physical Damage Waiver Coverage, if
you elect, at and additional cost, you can eliminate the need to contact your insurance broker to
obtain a certificate of insurance. You'll find the deductible plan to
be very competitive. As follows:
| Deductible is a minimum of $1,000
or 15% of the repair bill, whichever is
higher. |
| 1) |
Damages through theft & vandalism is a 15%
deductible on the "Fair Market Value" of the machine. |
| 2) |
Damages through customer transport,
customer hired transport, negligence, abuse, failure of properly
servicing the machine, hitting overhead objects & overloading
the machine are "EXCLUDED"
from coverage. |
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4. |
RENTAL CONTRACT. A
rental contract must be signed or executed on every transaction with all pertinent data
furnished prior to the release of the the rental equipment. |
| 5. |
Rent to Own.
All machinery is available for sale; lessee has the first right of refusal. |
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6. |
HOUR LIMITS.
Daily--8 hours or one day
Weekly--40 hours or five days
Monthly--176 hours or four weeks
Extra hours will be charged.
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7. |
INTEREST RATES. Erb
will allow 100% of all rentals to apply to agreed upon option price, plus an interest
charge of PRIME plus 3% APR at the time of conversion. |
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8. |
REPAIRS AND MAINTENANCE.
All repairs required due to abuse or negligence will be charged to the lessee upon
return of damaged rental equipment. Also, any abnormal clean-up cost will be the
responsibility of the lessee. Furthermore, if the rental unit is converted into a
sale, all non-warrantable repairs and maintenance, during the rental period, will be added
to the conversion price. Rental maintenance agreements are available to assure
scheduled periodic maintenance.
(Lessee is responsible for the maintenance charges on any machine that
has at least 250 hours or more put onto the hour meter in a rental period.) |
